HomeMy WebLinkAbout16-163CITY OF LAKEVILLE
RESOLUTION NO. 16-163
RESOLUTION AMENDING THE 2016 GENERAL FUND BUDGET
WHEREAS, The 2016 General Fund budget was adopted on December 7, 2015; and
WHEREAS, The General Fund has unencumbered funds available from 2015; and
WHEREAS, The City Council discussed utilizing $500,000 of the 2015 General Fund
unencumbered funds for funding capital purchases in the 2016-2026 Equipment Plan in 2016;
and
WHEREAS, The City Council had committed $45,000 of General Fund reserve funds on
12/16/2013 to provide for future costs related to the Emerald Ash Borer invasion; and
WHEREAS, Costs associated with mitigating the Emerald Ash Borer will be accounted
for in the Environmental Resources Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota as follows:
1. The recitals set forth above are incorporated herein.
2. The 2016 General Fund budget is amended in the amount of $545,000 for the purpose of
transferring funds to the following Funds:
a. Equipment Fund - $500,000;
b. Environmental Resources Fund - $45,000.
ADOPTED by the Lakeville City Council this 21st day of November, 2016
CITY OF LAKEVILLE
Matt Little, Mayor
ATTEST:
Charlene Friedges, City C rk